Cloud Lending Solutions, a provider of cloud-based commercial lending and leasing software, upgraded its front-to-end lending platform with the release of Lynx. The upgrade will support clients using CL Loan, CL Lease, CL Originate, CL Collections, CL Marketplace and CL Portal. The Cloud Lending Solutions lending platform supports more than 90 clients in a number of financial industries, including equipment leasing.

“This latest release is a continuation of our commitment to customers and the market. As we expand globally, clients are leveraging our product to increase loan volumes and decrease both operational and capital expenses in their highly competitive lending environment,” said Snehal Fulzele, co-founder and CEO of Cloud Lending Solutions. “The Lynx release is a blend of market-based product advancements and customer requested features. With our ability to create a digital application process and eliminate re-keying of data, our clients are seeing upwards of 35% cost reduction and increased loan application volumes many times over. We are giving our customers same year ROI from their IT systems, not the three to five years ROI lenders are accustomed to.”

The Lynx release, designed around leasing and lending efficiency, delivers:

• Collaboration and Communication – Integration of bi-directional communication threads with lending teams and external borrowers combined with audit and tracking
• Multi-Party Scorecards – Fully configurable for different loan/lease types and relationships
• Global Relationship View – Lenders can get a 360-degree view of every borrowing entity and can calculate entity and global credit exposure
• Borrower Portal Builder – Design and manage a front-end portal through a library of portal components using a declarative (point and click) user interface
• Collections Dashboard – Redesigned collections dashboard with ability to add new UI elements through declarative (point and click) user interface

This product release follows a recent announcement of the Cloud Lending Solutions’ Lease Xcelerate Program for lessors looking to go live with a full implementation or run a proof-of-concept for a new lease practice in eight weeks.